The Trustee confirms that as of the Delivery at the time specified
 above:

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 (i) The Aircraft was duly accepted by Trustee in accordance with and
subject to the provisions of the Agreement and the execution and delivery of
this Aircraft Delivery Certificate further confirms the acceptance of the
Aircraft by Trustee for all purposes of the Agreement, subject only to the items
noted on the Statement of Non-Conformance; and

 (ii) the Aircraft is insured in accordance with the Agreement.

IN WITNESS WHEREOF, Trustee has caused this Aircraft Delivery Certificate to be
executed in its name, by its duly authorized officer(s) or representative(s),
pursuant to due corporate authority, all as of the date written in paragraph 1
above.

WELLS FARGO BANK NORTHWEST, N.A., not in its individual capacity,
but solely as trustee for the benefit of RBS Aerospace Limited
under the Trust Agreement dated as of December 23, 2004
between itself and RBS Aerospace Limited

By: COMPANIA PANAMENA DE AVIACION, S.A.,
 its attorney-in-fact

 By: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
 Name: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
 Title: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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 FORM OF RECEIPT FOR TECHNICAL DOCUMENTS

 One Boeing 737-800 Aircraft
 Manufacturer's Serial No. \_\_\_\_\_\_\_\_\_\_\_\_